Brokerages Set Sysco Corporation (NYSE:SYY) Target Price at $88.00

Shares of Sysco Corporation (NYSE:SYY) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $89.50.

SYY has been the subject of a number of recent analyst reports. Barclays lowered their target price on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Melius Research downgraded shares of Sysco from a “hold” rating to a “sell” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a report on Tuesday, April 28th. UBS Group upped their target price on Sysco from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup increased their price objective on Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Wednesday.

Key Headlines Impacting Sysco

Here are the key news stories impacting Sysco this week:

• Positive Sentiment: Quarterly results exceeded expectations. Sysco reported fiscal Q4 revenue of $22.12 billion, above the $21.95 billion consensus estimate, while adjusted EPS of $1.53 topped expectations of $1.51 and increased from $1.48 a year earlier. Sales rose 4.7%, supported by 2.5% U.S. case-volume growth and stronger local and international customer demand. Reuters earnings report
• Positive Sentiment: Fiscal 2027 guidance was above Wall Street expectations. Sysco forecast adjusted EPS of $5.025-$5.117, compared with a $4.96 consensus, and revenue of $89.6-$90.5 billion versus an $88.7 billion estimate. The outlook calls for 6%-7% sales growth and 9%-11% adjusted EPS growth, helped by approximately $100 million in planned cost reductions and AI-enabled productivity initiatives. Sysco fiscal 2026 results and fiscal 2027 guidance
• Positive Sentiment: Profitability and shareholder returns provided additional support. Q4 operating income increased 10.6% to $983 million, and Sysco returned roughly $1.2 billion to shareholders through dividends and repurchases during fiscal 2026.
• Neutral Sentiment: Citigroup raised its price target but maintained a neutral rating. The firm increased its target on SYY from $82 to $86, signaling modest upside while stopping short of a bullish recommendation. Benzinga analyst price target report
• Negative Sentiment: A cyclosporiasis outbreak is creating a supply and reputational risk. Sysco stopped purchasing iceberg lettuce from Mexico and Taylor Farms amid the outbreak in the United States. The decision may temporarily disrupt sourcing and sales, although it reduces potential food-safety exposure. Reuters lettuce supply report
• Negative Sentiment: Underlying risks remain. Fiscal-year GAAP net earnings declined 3.9%, while Q4 gross margin fell 17 basis points as product-cost inflation and investments pressured profitability.

Sysco Trading Up 1.8%

Sysco stock opened at $84.25 on Monday. The stock has a 50-day moving average of $80.97 and a two-hundred day moving average of $80.32. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.80 and a current ratio of 1.28. Sysco has a one year low of $68.19 and a one year high of $91.85. The stock has a market cap of $40.33 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64.

Sysco (NYSE:SYY) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Sysco had a return on equity of 95.05% and a net margin of 2.08%.The business had revenue of $22.12 billion for the quarter, compared to analyst estimates of $21.95 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, research analysts anticipate that Sysco will post 5.08 EPS for the current fiscal year.

Insider Transactions at Sysco

In other Sysco news, Director John M. Hinshaw acquired 13,304 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the purchase, the director owned 40,200 shares in the company, valued at approximately $3,021,834. The trade was a 49.46% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Sysco by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 62,305,343 shares of the company’s stock valued at $4,591,281,000 after buying an additional 814,270 shares during the last quarter. State Street Corp raised its position in Sysco by 0.9% during the third quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after acquiring an additional 246,542 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sysco by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 12,728,692 shares of the company’s stock valued at $934,391,000 after acquiring an additional 131,659 shares during the period. Norges Bank purchased a new stake in Sysco in the 4th quarter worth approximately $542,780,000. Finally, Morgan Stanley boosted its position in Sysco by 9.0% in the 4th quarter. Morgan Stanley now owns 6,058,405 shares of the company’s stock worth $446,444,000 after purchasing an additional 500,881 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.